Gross Domestic Product — Value Standard Local Currency in Madagascar
Madagascar: Gross Domestic Product — Value Standard Local Currency was 78.84 million million SLC in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency in Madagascar, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross domestic product — value standard local currency in Madagascar is 78.84 million million SLC, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 12.1% on the previous year and up 160.7% over ten years.
Over the whole period, gross domestic product — value standard local currency in Madagascar peaked at 78.84 million million SLC in 2024 and was at its lowest, 58,455 million SLC, in 1970.
That places Madagascar 31st out of 218 countries with data for 2024, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency in Madagascar, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 58,455 million SLC | — |
| 1971 | 63,073 million SLC | +7.9% |
| 1972 | 65,557 million SLC | +3.9% |
| 1973 | 71,417 million SLC | +8.9% |
| 1974 | 87,378 million SLC | +22.3% |
| 1975 | 92,628 million SLC | +6.0% |
| 1976 | 98,699 million SLC | +6.6% |
| 1977 | 109,715 million SLC | +11.2% |
| 1978 | 114,051 million SLC | +4.0% |
| 1979 | 139,482 million SLC | +22.3% |
| 1980 | 161,678 million SLC | +15.9% |
| 1981 | 184,929 million SLC | +14.4% |
| 1982 | 233,470 million SLC | +26.2% |
| 1983 | 286,206 million SLC | +22.6% |
| 1984 | 320,895 million SLC | +12.1% |
| 1985 | 364,092 million SLC | +13.5% |
| 1986 | 516,512 million SLC | +41.9% |
| 1987 | 642,962 million SLC | +24.5% |
| 1988 | 805,531 million SLC | +25.3% |
| 1989 | 938,778 million SLC | +16.5% |
| 1990 | 1.08 million million SLC | +14.9% |
| 1991 | 1.15 million million SLC | +6.6% |
| 1992 | 1.31 million million SLC | +13.8% |
| 1993 | 1.50 million million SLC | +14.4% |
| 1994 | 2.12 million million SLC | +41.6% |
| 1995 | 3.13 million million SLC | +47.6% |
| 1996 | 3.77 million million SLC | +20.4% |
| 1997 | 4.19 million million SLC | +11.3% |
| 1998 | 4.72 million million SLC | +12.7% |
| 1999 | 5.43 million million SLC | +15.0% |
| 2000 | 6.09 million million SLC | +12.2% |
| 2001 | 6.93 million million SLC | +13.7% |
| 2002 | 6.98 million million SLC | +0.7% |
| 2003 | 7.87 million million SLC | +12.8% |
| 2004 | 9.47 million million SLC | +20.3% |
| 2005 | 11.72 million million SLC | +23.7% |
| 2006 | 13.72 million million SLC | +17.1% |
| 2007 | 15.97 million million SLC | +16.5% |
| 2008 | 18.32 million million SLC | +14.7% |
| 2009 | 18.81 million million SLC | +2.7% |
| 2010 | 20.86 million million SLC | +10.9% |
| 2011 | 23.39 million million SLC | +12.1% |
| 2012 | 25.42 million million SLC | +8.6% |
| 2013 | 27.42 million million SLC | +7.9% |
| 2014 | 30.24 million million SLC | +10.3% |
| 2015 | 33.22 million million SLC | +9.8% |
| 2016 | 37.64 million million SLC | +13.3% |
| 2017 | 41.06 million million SLC | +9.1% |
| 2018 | 45.89 million million SLC | +11.8% |
| 2019 | 51.04 million million SLC | +11.2% |
| 2020 | 49.44 million million SLC | -3.1% |
| 2021 | 54.98 million million SLC | +11.2% |
| 2022 | 62.78 million million SLC | +14.2% |
| 2023 | 70.30 million million SLC | +12.0% |
| 2024 | 78.84 million million SLC | +12.1% |
Madagascar compared with similar countries
- Madagascar's 78.84 million million SLC is above the median for low income countries, which is 11.93 million million SLC, 6.6× the median. (23 countries reporting)
- Madagascar's 78.84 million million SLC is above the median for Sub-Saharan Africa, which is 8.81 million million SLC, 8.9× the median. (45 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency in Madagascar changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1995 | +47.6% | 2.12 million million SLC | 3.13 million million SLC |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 90,046 million SLC | 58,455 million SLC | 139,482 million SLC | 10 |
| 1980s | 445,505 million SLC | 161,678 million SLC | 938,778 million SLC | 10 |
| 1990s | 2.84 million million SLC | 1.08 million million SLC | 5.43 million million SLC | 10 |
| 2000s | 11.59 million million SLC | 6.09 million million SLC | 18.81 million million SLC | 10 |
| 2010s | 33.62 million million SLC | 20.86 million million SLC | 51.04 million million SLC | 10 |
| 2020s | 63.26 million million SLC | 49.44 million million SLC | 78.84 million million SLC | 5 |
Countries ranked near Madagascar
More economy & growth data for Madagascar
- Foreign direct investment, net outflows (BoP, current US$), gaps 134.39 million BoP, current US$ (2024)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0076 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net outflows (BoP, current US$), per capita 4.2 BoP, current US$ per person (2024)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 606.21 million BoP, current US$ (2024)
- Foreign direct investment, net inflows (BoP, current US$), annual 16.69 % change on previous year (2024)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0345 BoP, current US$ per US$ of GDP (2024)
- Foreign direct investment, net inflows (BoP, current US$), per capita 18.96 BoP, current US$ per person (2024)
- Total reserves (includes gold, current US$), annual growth rate 5.8 % change on previous year (2024)
- Total reserves (includes gold, current US$), per unit of GDP 0.1583 includes gold, current US$ per US$ of GDP (2024)
- Total reserves (includes gold, current US$), per capita 87.11 includes gold, current US$ per person (2024)
Frequently asked questions
- What is gross domestic product — value standard local currency in Madagascar?
- Gross domestic product — value standard local currency in Madagascar was 78.84 million million SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value standard local currency recorded in Madagascar?
- The highest recorded value was 78.84 million million SLC in 2024.
- What is the lowest gross domestic product — value standard local currency recorded in Madagascar?
- The lowest recorded value was 58,455 million SLC in 1970.
- How does Madagascar rank for gross domestic product — value standard local currency?
- Madagascar ranks 31st out of 218 countries with data for 2024.
- Is gross domestic product — value standard local currency rising or falling in Madagascar?
- Over the last ten years it is up 160.7%. The long-run trend across the full record is volatile.
- Where does this Madagascar data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross Domestic Product — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).